Samsung 2000 Annual Report Download - page 53

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For the years ended December 31, 2000 and 1999
Date of appropriations: March 9, 2001 and March 16, 2000
In Thousands of Korean Won In Thousands of U.S. Dollars (Note 3)
2000 1999 2000 1999
Retained earnings before appropriations:
Unappropriated retained earnings carried
over from prior year 31,989 32,306 $25 $26
Cumulative effects of changes
in accounting policy (Note 2) 6,761,574 (1,744,477,621) 5,371 (1,385,606)
Additional accrued severance benefits – (8,450,909) – (6,712)
Interim dividends (Note 16, dividend rate: 10%) (85,885,559) (84,663,871) (68,217) (67,247)
Net income 6,014,530,192 3,170,402,574 4,777,228 2,518,191
Total retained earnings before approp. 5,935,438,196 1,332,842,479 $4,714,407 $1,058,652
Transfers from voluntary reserves (Note 15):
Reserve for overseas market development 37,990,685 53,600,000 $30,175 $42,573
Reserve for overseas investment loss 48,400,000 70,199,899 38,443 55,758
Reserve for technology development 184,700,000 274,700,000 146,704 218,190
Reserve for export loss 49,368,985 68,000,000 39,213 54,011
Total transfers from voluntary reserves 320,459,670 466,499,899 $254,535 $370,532
Appropriations (Note 15):
Legal reserve 53,000,000 150,000,000 $42,097 $119,142
Reserve for business rationalization 1,000,000,000 700,000,000 794,281 555,997
Reserve for technology development 2,000,000,000 606,581,000 1,588,562 481,796
Cash dividends (Note 16) 422,670,457 342,729,389 335,719 272,224
[Common stock: 50% in 2000 and 40% in 1999]
[Preferred stock: 51% in 2000 and 41% in 1999]
Reserve for loss on disposal of treasury stock 200,000,000 – 158,856 –
Reserve for facilities investment 2,580,196,000 – 2,049,402 –
Total appropriations 6,255,866,457 1,799,310,389 $4,968,917 $1,429,159
Unappropriated retained earnings carried over
to subsequent year 31,409 31,989 $25 $25
The accompanying notes are an integral part of these statements.
Statements of Appropriations of Retained Earnings
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